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ANALYSIS:
DOT failing to break the daily R1 could trigger a re-test of the daily S1, which shares confluence w/ the VWAP anchored @ the 15th bar from the current price action. Therefore, a re-test of the daily S1 would be a nice entry scalp, as long as the blue upward diagonal trend line holds. If there is a trend failure, would expect DOT to test .236 fib level for support, and would be a nice long entry once validated.
Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
_______________________________________________________________________________________
ANALYSIS:
DOT failing to break the daily R1 could trigger a re-test of the daily S1, which shares confluence w/ the VWAP anchored @ the 15th bar from the current price action. Therefore, a re-test of the daily S1 would be a nice entry scalp, as long as the blue upward diagonal trend line holds. If there is a trend failure, would expect DOT to test .236 fib level for support, and would be a nice long entry once validated.
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